Virtual 'in-house' Accountant service
What is a Virtual 'in-house' Accountant?
It's a new concept - a way for small businesses to get access to an experienced finance professional at a fraction of the cost of a full-time employee.
What are the benefits for my business?
More cost effective than employing a member of staff.
Services can be customised to suit the client.
You are assured of the standards kept by a highly qualified Chartered Accountant.
Have a trusted business advisor to help you achieve your goals.
What does a Virtual 'in-house' Accountant do?
They handle the duties of an 'in-house' accountant, but work remotely and on a part-time basis.
In summary they can:
use cloud technology to maintain accurate, real-time financial data
pull together regular management accounts and present them with financial insights
monitor the financial health and well-being of the business
highlight areas of concern
assist in forecasting - cashflow or budgeting, for example
Specific duties will vary depending on the client's needs, and can be chosen from the 'menu' of services below.
Any online software system can be worked with remotely, for example, Xero, Sage Online, however within the Practice a combination of Quickbooks Online and Receipt Bank is used successfully and this would be the preferred choice.
Credentials and experience
The virtual 'in-house' accountant service is provided by Helen Rhodes BSc FCA:-
established member of ICAEW (Institute of Chartered Accountants in England and Wales) qualified to Fellowship level
engaged in public practice since 2011
management level experience of finance in industry, primarily manufacturing companies
considerable experience of issues facing small businesses
up-to-date CPD (Continuing Professional Development)
List of services
Accounting and reporting
Sales ledger maintenance
Purchase ledger maintenance
Balance sheet account reconciliations
Monthly reporting pack - profit and loss trading account & balance sheet
Management and advisory
Quarterly management accounts
Analytics, KPIs (Key Performance Indicators)
Attendance at Management meetings
Intermediary with external parties eg.banks, shareholders